Lumber prices fell to a new 2022 low on Thursday after existing home sales showed a slowdown in April. Lumber futures fell as much as 6% to below $700 per thousand board feet, according to data from Finviz. Existing home sales fell for a third straight month in April to its lowest level since the start of the pandemic as supply remains constrained. North American lumber prices fell to a new 2022 low on Thursday after existing home sales data showed a continued slowdown in the housing market. ...
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